HomeMy WebLinkAbout2008 05 12 Informational 100 Distributed by Kevin Smith, General Services DepartmentDate: May 12, 2008
The following was distributed during
Informational Agenda Item "100" by Mr. Kevin
Smith at the May 12, 2008 Clty Commission
Workshop.
City of Winter Springs
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Budget Workshop
May 12, 2008
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Spending Reductions
^ In anticipation of revenue shortfalls resulting from
Amendment 1 and the slowdown in the economy
the City took the f ollowing steps to reduce
spending in the FY 2008 Budget:
Eliminated New Spending Requests $4.3M
Spending Reductions over Prior Year $4.2M
Total $8.5M
Add'1 General Fund Reductions
^ In response to continuing revenue reduction
pressures, the Commission directed staff to
propose additional spending reductions from the
current year General Fund budget.
^ In response to this direction, staff is proposing an
additional $851,000 in spending reductions in the
current year General Fund budget as follows.
Add'1 General Fund Reductions
^ Recreation Programs:
Description Amownt Action
July 4t" Event $121,000 Cut
Hometown Harvest Event $16,000 Cut
Recreation Programs Total $137,000
Add'1 General Fund Reductions
^ Parks:
Description Amount Action
Do Park
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$12~-;660
Postpone
Bear Creek Bridge $50,000 Postpone
Trotwood Splash Pad $200,000 Postpone
Torcaso Master Plan $6,000 Postpone
Parks Total $381,000
Add'1 General Fund Reductions
^ Beautification Programs:
Description Amount Action
Tree Trimming $55,000 Cut
Neighborhood Grants $3,000 Cut
Beautification Total $58,000
Add'1 General Fund Reductions
^ Law Enforcement:
Description Amount Action
Automated Ticket System $18,000 Postpone
Code Enforcement Court $20,000 Postpone
Law Enforcement Total $38,000
Add'1 General Fund Reductions
^ Fire:
Description Amount Action
Tools & Equipment $16,000 Postpone
Fire Planning Software $6,000 Postpone
Fire Truck Replacement $208,000 Postpone
Fire Total $230,000
Add'1 General Fund Reductions
^ Community Assistance Programs:
Description Amount Action
Community Assist. Programs $7,000 Cut
Add'1 General Fund Reductions
^ General Fund Reductions Summary:
Description Amount
Recreation Programs $137,000
Parks $381,000
Beautification $58,000
Law Enforcement $38,000
Fire $230,000
Community Assist. Programs $7,000
Total $851,000
Reducrion Summary
^ Including the proposed $851,000 reduction in
General Fund spending, total current year
spending will have been reduced $9.4M as follows:
New Budget Requests $4.3M
Spending Reductions over Prior Year $4.?M
Add'1 Current Year Budget Reductions $0.851M
Total $9.3 51 M
Relation to Fire Assessment
Description Assessment Rates
Reduced 25% Assessment Rates
Reduced 50%
Reduced Assessments $815,000 $1,335,000
Cuts/Delays $815,000 $851,000
Reserve Usage $0 $484,000
Total Cuts/Delays & Reserves $815,000 $1,335,000
FY 2009 Budget Challenge
Legal Impacts Losses Amount
Marketplace Reductions in Assessed Value $70,000
Amendment 1 Taxable Value Reductions $750,000
Total Estimated Legal Impact Reductions $820,000
Legal Impacts Losses Plus Loss of Fire Assessments Amount
Marketplace Reductions in Assessed Value $70,000
Amendment 1 Taxable Value Reductions $750,000
Fire Assessment Reductions $2,375,000
Total Estimated Legal Impact Reductions $3,195,000